Campbell & CO Investment Adviser LLC Has $2.77 Million Stake in Avery Dennison Corporation $AVY

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Avery Dennison Corporation by 177.5% during the 1st quarter, holding 15,589 shares valued at approximately $2.77 million as of the last quarter.
• Several analysts have raised their price targets for Avery Dennison, with a consensus rating of "Moderate Buy" and an average price target of $197.60.
• Avery Dennison declared a quarterly dividend of $0.94, reflecting an annualized dividend yield of 2.1%, with the payment scheduled for September 17th.

Campbell & CO Investment Adviser LLC raised its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 177.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,589 shares of the industrial products company's stock after purchasing an additional 9,971 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Avery Dennison were worth $2,774,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bayforest Capital Ltd bought a new position in Avery Dennison during the 1st quarter worth $27,000. SouthState Corp raised its position in Avery Dennison by 195.7% during the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company's stock worth $37,000 after purchasing an additional 137 shares during the last quarter. Costello Asset Management INC bought a new position in Avery Dennison during the 1st quarter worth $40,000. American National Bank & Trust bought a new position in Avery Dennison during the 1st quarter worth $49,000. Finally, Grove Bank & Trust raised its position in Avery Dennison by 17.7% during the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock worth $70,000 after purchasing an additional 59 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AVY. Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, Bank of America lifted their price objective on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison Stock Up 0.3%

Shares of AVY traded up $0.43 during trading hours on Friday, hitting $171.51. The stock had a trading volume of 486,904 shares, compared to its average volume of 605,588. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $176.21 and a 200-day simple moving average of $176.71. The firm has a market capitalization of $13.37 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.64 and a beta of 0.88. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.38 by $0.04. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio (DPR) is currently 42.20%.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.